7.3
PREPARING FOR A SAFER WORLD TOGETHER
The Pandemic Fund, a testament to multilateralism
financing is particularly inadequate and uneven, and focused on individual countries. Given this context, there is a need to increase funds for existing global health organisations. The World Health Organization is important in global health security, but it is not a financial agency. We thus require tight collaboration between it and the World Bank and other multilateral development banks and global health financing institutions. Under Indonesia’s 2022 presidency, in Bali the G20 reached an accord and resolved to create a pandemic fund. The World Bank is hosting this fund, with strong technical support from the WHO. The G20’s action is significant. Thanks must go to the G20 members, particularly Indonesia and Italy, which suggested this effort during their respective presidencies, as well as donor countries, the World Bank and the WHO, which have worked hard and provided assistance. international community’s efforts to address the fault lines and financing gaps that exist for pandemic PPR. For the first time the international community has come together on a mechanism for investing in PPR in developing countries. It is a testament to multilateralism. The Pandemic Fund provides a dedicated stream of additional, long-term funding for critical PPR functions in low- and middle-income countries, A MILESTONE The Pandemic Fund is a milestone in the
There is no magic bullet when it comes to public health, but we do know there is an urgent need to step up investments in health systems if we are to build a healthier and safer world
O ne sobering message we received from Covid-19 was that the world than just a consumer item; it is an investment in human activity. When the healthcare system failed, the economy came to a halt. We are grateful that we are surviving the Covid-19 pandemic, yet so many people have died. We are indeed returning to a more normal way of life, but a pandemic could strike again at any time. We must brace ourselves. We must prepare ourselves better. Preventive, preparedness and response activities are urgently required. Funding is required for pandemic preparation, response and prevention – PPR. Covid-19 has demonstrated the fragility of the pandemic financing mechanism. Existing global financing is inadequate to protect against pandemics. Moreover, finance is fragmented, was unprepared for a pandemic. The pandemic has taught us that investing in health is critical. Health is more compartmentalised, inefficient, ad hoc and unpredictable. Prevention and preparedness
By M Chatib Basri,
co-chair, Pandemic Fund
Health: A Political Choice – From Fragmentation to Integration
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